The topic basically sums up my question--I have not yet had the pleasure of owning any component type stereo system and wish to listen to music that sounds good (whilst not using my tv as a speaker source!!) as well as starting to build my HT setup.

Does the 1050 do the job for audio/HT work (ideally, I wouldn't mix the two, but budget is a big issue) for a newbie to home theater/audio???